Title
Budget Adjustments 3rd Quarter FY08 - Approval
History
A detailed spreadsheet (by fund) of budget adjustments is attached showing an increase in revenues of $109,617 and an increase in expenditures of $204,820.
The increase in revenues is due to the following:
• RTAP grant for the LaGrange Road transportation plan in the amount of $80,000.
• Transfer from the Capital Improvement Fund to the General Fund to fund the purchase of the Clerk’s Office mobile shelving in the amount of $29,617.
The increase in expenditures is due to the following:
• LaGrange Road transportation plan in the amount of $100,000.
• Village portion of traffic signal installation at 108th Avenue and 143rd Street in the amount of $25,203.
• Clerk’s Office Bradford mobile shelving in the amount of $26,217.
• Build out of new storage area for Clerk’s office for the installation of shelving in the amount of $3,400.
• Asphalt patching not completed during FY2007 and rolled to FY2008 in the amount of $50,000.
• Reduce brickwork project in the Capital Improvement Fund in the amount of ($29,617) and transfer the funds to the General Fund for the mobile shelving project in the amount of $29,617.
The May 27, 2008 Finance Committee meeting was cancelled, so this item will be presented directly to the Board of Trustees.
Financial Impact
The attached spreadsheet identifies the budget impact.
Recommended Action/Motion
I move to approve amending the FY2008 revenue budget by $109,617 and expenditure budget by $204,820.